Vista Outdoor (NYSE:VSTO) Issues Earnings Results, Beats Expectations By $0.11 EPS

Vista Outdoor (NYSE:VSTO) posted its quarterly earnings data on Wednesday. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11, Briefing.com reports. The firm had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS.

Vista Outdoor Trading Down 0.1 %

Shares of NYSE:VSTO traded down $0.06 during trading on Thursday, reaching $44.15. 392,580 shares of the stock were exchanged, compared to its average volume of 592,163. The firm’s 50-day moving average price is $41.52 and its 200 day moving average price is $38.33. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -340.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. Vista Outdoor has a 12-month low of $24.30 and a 12-month high of $44.48.

Analyst Ratings Changes

Several analysts have commented on the company. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vista Outdoor currently has an average rating of “Hold” and an average price target of $41.20.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.